A modern freestanding building in the heart of Southern Sydney with three excellent long-term tenants has come to market. 

Underpinned by covenants to Gold’s Gym, a childcare centre and café, the building at 108 Parraweena Road in Miranda has an NLA of 1,802sqm and comes with great street exposure ensuring maximum visibility. 

The property is listed with the Colliers team of Trent Gallagher and James Wilson, in-conjunction with Shane Blackett of IB Property, with price expectations of $16 million. 

“This unique fully leased investment is located in the Sutherland Shire’s best industrial/commercial street, which features some of the best-known occupiers in the precinct including IGA, Tesla, BCF, Beacon Lighting and North Shore Timber and Hardware. The asset is great as it’s diversified between three different tenancies which includes a café, childcare and gymnasium,” Mr Gallagher said. 

“The predominantly essential services retail investment will engage sophisticated domestic and offshore private capital given the combination of national retail covenants, combined with strong underlying land value given its strategic south Sydney location,” Mr Wilson added. 

“In a market where purchasers are seeking increasingly secure investments, 108 Parraweena Road, Miranda provides a strong WALE across some national and internationally recognised brands,” Mr Blackett said. 

A flexible E4 General Industrial zoning allowing for a wide range of potential occupiers, while it has strong passing net income of $899,363 per annum. 

The property is conveniently positioned within proximity to a range of amenity including Westfield Miranda, Miranda Train Station and Sutherland Hospital.

108 Parraweena Road in Miranda is for sale via an Expressions of Interest campaign, closing on Thursday, 15th August 2024. 

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